MSCI Consults on Potential Indonesia Downgrade to Standalone Status
MSCI is consulting on potentially reclassifying Indonesia from emerging-market to standalone status. Capital Economics' Gareth Leather called the move a further blow to Indonesia's standing among international investors.
Story updates
04:38:03 AM UTC
SquawkNews
Indonesia's capital market authorities are expected to introduce further overhauls and strengthen enforcement following MSCI's proposal to downgrade the country to standalone status from emerging market, Maybank Sekuritas Indonesia analysts Jeffrosenberg Chenlim and Kevin Halim say in a note. Howev…
04:50:23 AM UTC
SquawkNews
The leadership of Indonesia's stock exchange will meet global index provider MSCI on Monday, a director at the bourse said.It comes after MSCI last week said it could downgrade Indonesia's stock market to "standalone" status, saying it was no longer worthy of emerging status.
04:54:45 AM UTC
SquawkNews
A full removal of Indonesian stocks from MSCI's indexes could trigger about $5.6 billion in passive outflows, Goldman Sachs analysts say in a note. MSCI launched a consultation last week on a potential reclassification of Indonesia to standalone from emerging-market status. Another $2.7 billion cou…